QatarEnergy inks 27-year deal with Sinopec to supply LNG to China

QatarEnergy inks 27-year deal with Sinopec to supply LNG to China

Qatari state-owned petroleum company, QatarEnergy has entered into a 27-year sale and purchase agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 million tons per annum (MTPA) of LNG to China.

Under the terms of the agreement, the contracted LNG volumes will be supplied from QatarEnergy’s North Filed East (NFE) LNG expansion project and will be delivered to Sinopec’s receiving terminals in China.

The agreement is the second LNG SPA between QatarEnergy and Sinopec, following the 10-year SPA signed in March 2021 for the supply of 2 MTPA to China.

Saad Sherida Al-Kaabi

Qatar Minister of State for Energy Affairs

President & CEO – QatarEnergy “We are pleased to enter into this agreement, which will further solidify the excellent bilateral relations between the People’s Republic of China and the State of Qatar and help meet China’s growing energy needs. In addition, it opens a new and exciting chapter in our relationship with Sinopec, one that is very special and spans a number of different areas, and which we are excited about further growing and expanding into the 2050s. This is the first long-term SPA from the NFE project to be announced, and marks the longest gas supply agreement in the